Singapore’s retail sales growth eased more than expected in July, according to a report released by Statistics Singapore.
Retail sales dropped 0.2% month-over-month in July following 1.1% decline in June. Core retail sales, excluding motor vehicle sales, declined 1.3% in July.
Go deeper with GlobalData
During the period, sales of furniture and household equipment fell the most by 11%. Meanwhile, sales of motor vehicles increased the most, rebounding by 4.8% in July.
This was followed by 3.9% recovery in sales of optical goods and books and 2.5% rebound in sales of telecommunication apparatus and computers.
Sales of food & beverage services (seasonally adjusted) decreased 0.7% in July 2014 compared to the previous month.
Retail sales of wearing apparel & footwear, medical goods & toiletries,mini-marts & convenience stores andpetrol service stations decreased between 1.2% and 4.9% over the same period.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataYear-over-year, retail sales rose 5.5% in July, following 0.4% rebound in June.
Retail sales of furniture & household equipment, recreational goods, watches & jewellery, mini-marts & convenience stores, telecommunications apparatus & computers, wearing apparel & footwear and optical goods & books decreased between 1.0% and 6.5% in July 2014 over same month last year.
In contrast, sales of food & beverage services fell 1.6% in July 2014.
